Register | Forgot password?
Switch to Arabic
Monday, November 9 - 2009

Dubai group invests in electric cars

  • United Arab Emirates: Wednesday, August 06 - 2008 at 15:13

The Al Yousuf Group in Dubai has invested $10m in electric car maker Zap in the US. Eqbal Al Yousuf, President of The Al Yousuf Group, is also chairman of Zap. According to Reuters, the company needs the funding to meet the rising demand for its Xebra electric car as well as developing electric vehicles. The company has increased its network of dealers from 20 to 50 in the US, and wants to add more around the world. The Al Yousuf Group also owns $5m worth of Zap shares.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.